Earlier this week, Andrew Ross Sorkin wrote that after speaking with executives at Goldman Sachs and officials in Washington, and “poring through” the Levin Report, he’d come to the conclusion that “Lloyd Blankfein wasn’t lying” when he testified last year that Goldman “didn’t have a massive short against the housing market.” Matt Taibbi read the column and he did not like it. In fact, it made him so angry-stinkin mad, in fact- that he was forced to lift his ARS fast (“I’ve been trying not to say anything bad about Andrew Ross Sorkin,” he said last night). As Taibbi scholars, please guess at this time what the defense of Goldman made MT want to do:
a) Throw scalding hot coffee in Sorkin’s face
b) Bake some of the horse semen he’d been storing in his fridge into a pie and smash it into Sorkin’s face
c) Run through the Times newsroom smashing sno-globes and flipping desks over
d) all of the above
e) none of the above
f) other Continue reading »
It was nothing. It was “a tempest in a teacup.” Not that many people even showed up and if you want his opinion? It should actually be called Day of Allegiance, to the Saudi King. [CNBC, WSJ]
Yesterday it was suggested that one of the reasons John Paulson was able to make the leap from run of the mill rich guy/peasant by hedge fund manager standards to John motherfucking Paulson! was that he “became a grump.” In earlier times, he was known for his loft parties in SoHo, and as he approached the trillion dollar pay-days, began to do things like ream employees out for overusing the printer, and reprimand people for eating junk food, according to Greg Zuckerman’s new book, The Greatest Trade Ever.* A recently published study from the University of New South Wales says that “negative moods trigger more attentive, careful thinking paying greater attention to the external world” so, perhaps there’s a connection between between JP making people pay to replace their own inkjet cartridges and figuring out that maybe subprime wasn’t the can’t lose asset class everyone thought it was cracked up to be.
Today, a Swedish study notes that “men who bottle up their anger at being unfairly treated at work are up to five times more likely to suffer a heart attack, or even die from one.” And if you think being the just go with the flow guy who “lets thing pass without saying anything” would save you, think again. That tactic will get you killed to. So here’s what I’m thinking.
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